Autohome Inc Stock Forecast

Autohome Inc stock price ended at $26.90 on Friday, after gaining 1.74%.
(Updated on May 03, 2024)

ATHM Signals & Forecast

Mostly positive signals in the chart today. The Autohome Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.90 and $25.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Autohome Inc stock

Autohome Inc finds support from accumulated volume at $26.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.500 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: $25.97 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (ATHM) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Autohome Inc to open at $26.74, and during the day (based on 14 day Average True Range), to move between $26.27 and $27.53, which gives a possible trading interval of +/-$0.626 (+/-2.33%) up or down from last closing price. If Autohome Inc takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.89 (0.04%) than the resistance at $27.13 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Autohome Inc stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 3.848 Buy Candidate Unchanged

Predicted Opening Price for Autohome Inc of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.